Senate Finance Committee Chair probes “lack of safeguards” in crypto tax incentives

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Senator Ron Wyden requested information from three entities involved in crypto mining to investigate whether they are giving back economic benefits to their communities in exchange for tax benefits.

in 2017 and designed to offer tax incentives to companies that create jobs and drive private investment into economically distressed communities.

Democratic Senator Ron Wyden is digging into the activities of crypto companies that take advantage of tax breaks provided by the Opportunity Zone program.Last July, Argo Blockchain CEO Peter Wall specifically stated that the location of his company’s Dickens County, Texas, mining facility was chosen specifically because of itsand abundance of renewable energy.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I only regret not taking my backpack and leaving earlier

StrikeXofficial

traderwagon The first product which helps both a Beginner and a Pro Both can Earn 🎉 Enjoy up to 35% commission rate + an extra $50,000 monthly bonus if you join now and become a TraderWagon SocialTradingGo Join Now 👉🏻

Singapore Singapore Latest News, Singapore Singapore Headlines